Mimedx Group Inc (NASDAQ: MDXG) is -9.46% lower on its value in year-to-date trading and has touched a low of $5.47 and a high of $10.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDXG stock was last observed hovering at around $8.79 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $8.71, the stock is -3.46% and -4.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -0.91% at the moment leaves the stock 19.42% off its SMA200. MDXG registered 7.66% gain for a year compared to 6-month gain of 12.97%. The firm has a 50-day simple moving average (SMA 50) of $9.1086 and a 200-day simple moving average (SMA200) of $7.28515.
The stock witnessed a -6.04% loss in the last 1 month and extending the period to 3 months gives it a 54.98%, and is -4.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.28% over the week and 3.31% over the month.
Mimedx Group Inc (MDXG) has around 895 employees, a market worth around $1.28B and $342.81M in sales. Current P/E ratio is 14.88 and Fwd P/E is 28.10. Profit margin for the company is 25.35%. Distance from 52-week low is 59.23% and -14.10% from its 52-week high. The company has generated returns on investments over the last 12 months (43.66%).
with sales reaching $89.42M over the same period.The EPS is expected to shrink by -19.46% this year, but quarterly earnings will post 7.43% year-over-year. Quarterly sales are estimated to grow 2.98% in year-over-year returns.
Mimedx Group Inc (MDXG) Top Institutional Holders
270.0 institutions hold shares in Mimedx Group Inc (MDXG), with institutional investors hold 69.40% of the company’s shares. The shares outstanding are 146.96M, and float is at 115.68M with Short Float at 3.87%. Institutions hold 67.64% of the Float.
The top institutional shareholder in the company is ESSEX WOODLANDS MANAGEMENT, INC. with over 28.2 million shares valued at $195.39 million. The investor’s holdings represent 19.2584% of the MDXG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.31 million shares valued at $64.54 million to account for 6.3617 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.93 million shares representing 4.7304% and valued at over $47.99 million, while TRIGRAN INVESTMENTS, INC. holds 3.0592 of the shares totaling 4.48 million with a market value of $31.04 million.
Mimedx Group Inc (MDXG) Insider Activity
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Mimedx Group Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Hulse William Frank IV (General Counsel and CAO) sold a total of 20,381 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $7.95 per share for $0.16 million. Following the transaction, the insider now directly holds 0.48 million shares of the MDXG stock.
Still, SEC filings show that on Feb 16 ’24, Whitlow Ricci S (Chief Operating Officer) disposed off 15,493 shares at an average price of $8.07 for $0.13 million. The insider now directly holds 416,321 shares of Mimedx Group Inc (MDXG).
